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Brussels may force Lloyds to surrender Halifax

avantra
avantra Posts: 1,333 Forumite
Part of the Furniture 1,000 Posts Photogenic Combo Breaker
edited 16 September 2009 at 10:27AM in Debate House Prices & the Economy
The EU is moving slowly to claw back some of the clown's grand spending, will they succeed? considering that the UK follows EU legislation and directives to the word (while the Greek, Italian and French taking the Michael), I would say they are standing a good chance, It wouldn't make the clown more popular tho.

All that and more below:

http://business.timesonline.co.uk/tol/business/industry_sectors/article6836138.ece
Five exclamation marks the sure sign of an insane mind!!!!!

Terry Pratchett.
«1

Comments

  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    Rather than sticking their nose in our business, they should work out how they can democratically continue after more than one country said no to their silly constitution!
  • kennyboy66_2
    kennyboy66_2 Posts: 2,598 Forumite
    avantra wrote: »
    The EU is moving slowly to claw back some of the clown's grand spending, will they succeed? all that and more below:

    http://business.timesonline.co.uk/tol/business/industry_sectors/article6836138.ece


    RBS shares are now just above what the government paid for them and Lloyds shares are just below.

    Funny how you don't hear people mention that much now.
    US housing: it's not a bubble

     Moneyweek, December 2005
  • purch
    purch Posts: 9,865 Forumite
    will they succeed?

    It's alright telling them they have to sell off HBOS.

    The question is, can they find a Mug willing to buy it ???
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    purch wrote: »
    It's alright telling them they have to sell off HBOS.

    The question is, can they find a Mug willing to buy it ???


    I thought the proposal was to sell off Halifax which I'm sure people would buy
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    kennyboy66 wrote: »
    RBS shares are now just above what the government paid for them and Lloyds shares are just below.

    Funny how you don't hear people mention that much now.

    Can they realistically sell them though to get our money back?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Can they realistically sell them though to get our money back?

    yes.

    however, not in the conventional way that selling shares takes place.
    it makes sense (for them politically and profit wise) to split the company up and sell the shares as it has less of an impact on the FTSE than simply selling the shares.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    By the time they have sorted it out gone to court etc. etc. It will be the next bust.
    How long did the Microsoft case take?

    I would say it would be gone before they are forced to sell, and that will be a good few years away yet.
  • purch
    purch Posts: 9,865 Forumite
    I thought the proposal was to sell off Halifax which I'm sure people would buy

    Yes, selling the Halifax name, and the branch network only would be relatively easy.

    P.S. One day I might actually read the Links :cool:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • purch
    purch Posts: 9,865 Forumite
    Can they realistically sell them though to get our money back?

    Why would they need to, if the Stock price is higher than that paid ?
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    purch wrote: »
    It's alright telling them they have to sell off HBOS.

    The question is, can they find a Mug willing to buy it ???


    As it would be sold in a much better position than it was bought I am sure several institutions would be interested.
    Not Again
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